Gutted Historic house on Upper King St. - Blank Canvas
Retail-Commercial
for Sale
Sale Pending/Contingent
| Catylist Listing ID: |
30795479 |
| Property Subtypes: |
Free-Standing Building, Mixed Use, Restaurant, Street Retail, Other
|
| Status: |
Pending/Contingent |
| Building Size (RSF): |
2,694 SF
|
| Gross Land Area: |
4,360 SF
|
| Sale Price: |
$1 |
| Unit Price: |
$0 PSF |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Investment, Vacant/Owner-User |
| Building Name: |
640 King St. |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
4/22/2022 |
Overview / Comments
|
CALL FOR OFFER/S. (New deadline; 5PM; Tuesday, 4/19) Historic building in thriving upper-King St. area of downtown Charleston is currently gutted with water and power and awaiting re-incarnation. Property zoned General Business within Accommodations Overlay. Conceptual plans included as "mixed use" (with office, residence and workshop) or restaurant use (with 136 seats as conceived) (see attachments). Deadline for offer/s is NEW deadline; 5PM; Tuesday, 4/19/22
|
Additional Details
| Nearest MSA: |
Charleston-North Charleston |
| County: |
Charleston |
| Submarket/Township: |
51 - Peninsula Chas. inside of crosstown |
| Tax ID/APN: |
460-04-04-028 |
| Zoning: |
GB - General Business |
| Retail Clientele: |
General, Business, Tourist, Other |
| Property Located Between: |
On King, between Line St. & Hwy. 17-overpass |
| Property Visibility: |
Excellent |
| Feet of Frontage: |
29 |
| Site Description: |
Level, interior, rectangular lot with approximately 39' frontage on King St. and +/- 110' deep. Existing, historic structure is gutted to the studs with water service and temporary power service. No curb cut present at street. Adjacent to highway overpass. |
| Area Description: |
Close to and on same street as Charleston's center for bars and restaurants (Upper King St.), steps from multiple new apartment developments with more planned and under construction now & between four thriving residential areas: East Side, West Side, North Central and Cannonborough/Elliotborough (home to most of Charleston's nightly Short Term Rentals). |
| Tenancy: |
Single Tenant |
| Total Number of Buildings: |
1 |
| Number of Stories: |
2 |
| Year Built: |
1852 |
| Construction/Siding: |
Wood Frame |
| Exterior Description: |
Historic wood siding currently clad in asbestos shingles |
| Parking Description: |
No curb cut currently exists. |
| Sprinklers: |
None |
| Interior Description: |
gutted with temporary water and power services |
| Zoning Description: |
Zoned General Business, in Accommodations Overlay |
| Lot Frontage: |
39 |
| Lot Depth: |
110 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Land Ownership: |
Eq Squared, LLC |
| Legal Description: |
640 King St.; TMS # 460-04-04-028 |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
22,029 |
57,959 |
141,777 |
| Median Age: |
28.84 |
34.25 |
36.26 |
| Households: |
8,888 |
24,545 |
59,289 |
|
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